Coin Security Adds GNS as Loanable Asset for Full Position Margin

03/20/2023 04:46 • Blockchain Buzz • 131 views

According to the official announcement, Coin Security has added GNS as a loanable asset for full position margin, per position margin, and new margin pairs. The new full position margin pairs are: GNS/BTC, GNS/USDT, and the new per position margin GNS/BTC, KEY/USDT, and USTC/USDT.

The newly added GNS of Coin Security refers to the lendable assets of full warehouse margin and warehouse by warehouse margin

Coin Security, one of the leading digital asset trading platforms, has announced a new addition to its loanable assets. The platform has added GNS as a loanable asset for full position margin, per position margin, and new margin pairs. This new addition is quite significant and is expected to have an impact on the trading environment for GNS and all other digital assets available on the Coin Security platform.

Overview of GNS

Before delving into the details of the announcement, let’s take a moment to understand GNS. GNS is the native token of the Genesis network, a blockchain-based platform that provides decentralized identity solutions. GNS is also used as a means of exchange and as a governance token for the network.
Now, let’s move on to the main announcement.

Coin Security’s Announcement

Coin Security has announced that it will be adding GNS as a loanable asset for full position margin, per position margin, and new margin pairs. This development is expected to have a positive impact on the trading of GNS on the platform, as it will enable traders to use GNS as collateral for margin trading.
For those unfamiliar with margin trading, it involves borrowing funds to trade with a leveraged position. This allows traders to increase their potential profits but also exposes them to greater risks. Margin trading requires a certain amount of collateral, and now GNS can be used as collateral for this purpose on the Coin Security platform.

New Margin Pairs

In addition to making GNS available as a loanable asset for margin trading, Coin Security has also introduced new margin pairs that include GNS. The new full position margin pairs are GNS/BTC and GNS/USDT. The new per position margin pairs are GNS/BTC, KEY/USDT, and USTC/USDT.
These new margin pairs are expected to provide more trading opportunities for traders and further support the growth of the GNS ecosystem.

Conclusion

The addition of GNS as a loanable asset for margin trading and the introduction of new margin pairs is welcome news for traders and investors who are interested in GNS. Coin Security’s decision to support GNS in this way is a testament to the growth and potential of the Genesis network.

FAQs

1. What is GNS and how is it used?
GNS is the native token of the Genesis network, a blockchain-based platform that provides decentralized identity solutions. GNS is used as a means of exchange, as a governance token for the network, and now, as collateral for margin trading on the Coin Security platform.
2. What is margin trading?
Margin trading involves borrowing funds to trade with a leveraged position. This allows traders to increase their potential profits but also exposes them to greater risks. Margin trading requires a certain amount of collateral, and now GNS can be used as collateral for this purpose on the Coin Security platform.
3. What are the new margin pairs for GNS?
The new full position margin pairs are GNS/BTC and GNS/USDT. The new per position margin pairs are GNS/BTC, KEY/USDT, and USTC/USDT.

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